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I think specifically I mean that there is actually some incentive on the margin in an increased output environment to say how can we more dynamically improve efficiency on energy use but you’re right people can’t in good faith accept there is an objective Level problem mainly
Right, the way I would put it is that to the extent that energy efficiency reduces cost of power, that creates more incentive for miners to consume additional units of power. Mining fundamentally just means consuming the cheapest available unit of power you can find, CO2 or not
